Key Takeaways:
- IFF to divest its botanical extracts, vitamins and minerals, and food enhancement activities.
- SuanNutra, a portfolio company of Carbyne Equity Partners, is the acquirer.
- The divestment will optimize the IFF portfolio to focus on core, innovation-led pillars: Taste, Scent, and Health & Biosciences.
Nutraceutical firm SuanNutra is acquiring IFF’s range of natural colors and functional ingredients.
WHO: International Flavors & Fragrances (IFF) was founded in 1889 and has grown from humble beginnings into a leader in flavors, fragrances, food ingredients, and health and biosciences, expanding over the past 135 years. IFF operates at a massive scale with 22,000 employees across 65 countries, more than 110 manufacturing facilities, 100 R&D centers, and 33,000 customers worldwide.
SuanNutra is a Madrid-based provider of science-backed branded and functional ingredients, operating through Monteloeder, Gonmisol, and SuanNutra USA.
WHY: The deal will expand SuanNutra’s nutraceutical ingredients portfolio with clinically supported branded ingredients, owned botanical extraction capabilities, scientifically backed fermented vitamins and minerals, and natural colors, antioxidants, and flavors for food applications.
IN THEIR OWN WORDS: “These businesses are highly respected, and we are confident they will continue to thrive under the ownership of SuanNutra and Carbyne,” said Erik Fyrwald, CEO IFF. “This transaction is another step in optimizing our portfolio and reinforces our focus on our core innovation-led businesses—Taste, Scent and Health & Biosciences—where we see the greatest opportunities to drive long-term profitable growth and create...
